Euro falls on Spain's downgrade

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Source: Bloomberg
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The 17-nation currency plunged nearly to two-year record low versus greenback after Egan-Jones Ratings cut Spanish sovereign rating from BB-to B. The Euro depreciated to USD 1.2468 in Asian trade and hit JPY 99.05 versus Japanese currency. Euro has dropped 6.3% versus Yen in May. Currently EUR/USD is trading at  USD 1.2469 and EUR/JPY is trading at  JPY 99.09.
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Wed, 30 May 2012 06:20:30 GMT

The US demands prompt actions of the Eurozone's officials

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Wed, 30 May 2012 06:54:03 GMT

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